YLZ Information (China) Market Value
| 300096 Stock | 3.68 0.07 1.94% |
| Symbol | YLZ |
YLZ Information 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to YLZ Information's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of YLZ Information.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in YLZ Information on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding YLZ Information Tech or generate 0.0% return on investment in YLZ Information over 30 days. YLZ Information is related to or competes with BYD Co, China Mobile, Agricultural Bank, Industrial, China State, China Construction, and PetroChina. YLZ Information is entity of China. It is traded as Stock on SHE exchange. More
YLZ Information Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure YLZ Information's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess YLZ Information Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.84 | |||
| Information Ratio | 0.1323 | |||
| Maximum Drawdown | 24.6 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 5.3 |
YLZ Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YLZ Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YLZ Information's standard deviation. In reality, there are many statistical measures that can use YLZ Information historical prices to predict the future YLZ Information's volatility.| Risk Adjusted Performance | 0.1333 | |||
| Jensen Alpha | 0.5515 | |||
| Total Risk Alpha | 0.0462 | |||
| Sortino Ratio | 0.1355 | |||
| Treynor Ratio | 0.8713 |
YLZ Information Tech Backtested Returns
YLZ Information appears to be unstable, given 3 months investment horizon. YLZ Information Tech shows Sharpe Ratio of 0.13, which attests that the company had a 0.13% return per unit of risk over the last 3 months. By examining YLZ Information's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize YLZ Information's Mean Deviation of 2.83, downside deviation of 3.84, and Market Risk Adjusted Performance of 0.8813 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, YLZ Information holds a performance score of 10. The firm maintains a market beta of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, YLZ Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding YLZ Information is expected to be smaller as well. Please check YLZ Information's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether YLZ Information's historical returns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
YLZ Information Tech has insignificant reverse predictability. Overlapping area represents the amount of predictability between YLZ Information time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of YLZ Information Tech price movement. The serial correlation of -0.11 indicates that less than 11.0% of current YLZ Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
YLZ Information Tech lagged returns against current returns
Autocorrelation, which is YLZ Information stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting YLZ Information's stock expected returns. We can calculate the autocorrelation of YLZ Information returns to help us make a trade decision. For example, suppose you find that YLZ Information has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
YLZ Information regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If YLZ Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YLZ Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YLZ Information stock over time.
Current vs Lagged Prices |
| Timeline |
YLZ Information Lagged Returns
When evaluating YLZ Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YLZ Information stock have on its future price. YLZ Information autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, YLZ Information autocorrelation shows the relationship between YLZ Information stock current value and its past values and can show if there is a momentum factor associated with investing in YLZ Information Tech.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in YLZ Stock
YLZ Information financial ratios help investors to determine whether YLZ Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in YLZ with respect to the benefits of owning YLZ Information security.